INDONESIA

SUMMARY

Macroeconomics had a major

impact on recruitment trends in
Indonesia in 2014. The countrys
burgeoning middle class continued
to spend its new found disposable
income, driving a huge increase
in consumption with 90% of GDP
spent internally during the year.

This led to significant growth

among both start-ups and
established companies, particularly
in professional services, FMCG,
IT, technology and general
manufacturing creating a
demand for bilingual professionals
which reached an all-time high.

As a result, demand for specialist

skills outstripped supply. This was
further impacted by high barriers
to entry for overseas workers.

INDONESIA
COUNTRY OVERVIEW

uring 2014,
increased
nationalistic sentiment
in the oil and gas
sector resulted
in projects being
delayed or reduced.

As this trend
continues, we expect to see diminished
opportunities for multinational oil and gas
companies within the Indonesian market. It
is also not yet clear whether the formation of
ASEAN in 2015, with its promise of increased
freedom of trade, will deliver as much of a
boost to Indonesia as it will to other countries
in Southeast Asia. However, high levels of
domestic market activity look set to continue.
As a result of strong market conditions,
salary expectations among job movers in
Indonesia were in the 25-35% range in
2014. Some in-demand skill sets, such as
compliance even saw increases of 50% or
more. However, these wage inflation trends
have been balanced by general inflation,
which was around 8% in 2014, and will most
likely continue at this level into 2015. Hiring
managers looking to secure key candidates
will need to meet these salary expectations,
while also offering quality training and
development programmes and opportunities
for international exposure.

ACCOUNTING & FINANCE

In 2014, there was a steady demand for
experienced, qualified accounting and finance
professionals. In what is a highly regulated
market, key candidate requirements include
skills and experience in financial control, risk
and compliance, while a good command of

written and spoken English is a prerequisite

for those looking to join multinational
organisations.
As companies continued to internationalise
their finance functions, Indonesians with
overseas experience became highly soughtafter, with salary premiums of approximately
20%. The need to evolve the financefunction
into value-add operations also led to ongoing
efforts to professionalise systems, processes
and procedures. Those who can take
advantage of this increased sophistication
within accounting and finance will be highly
sought-after.

BANKING & FINANCIAL SERVICES

The banking and financial services sector
continued to grow in line with the increasing
wealth and consumption of the local
population. Savings, accounts, mortgages and
credit cards are all experiencing double-digit
year-on-year percentage growth in Indonesia,
resulting in widespread demand for individuals
with strong retail banking experience.
Continued legislative reporting and compliance
demands ensured strong hiring activity in
these areas, and this trend is likely to continue
in 2015. Major opportunities also exist for
asset managers, investment bankers and
insurance specialists, although the limited
supply of appropriately qualified professionals
presents significant hiring challenges.

HUMAN RESOURCES
As the corporate landscape continues
to develop, the HR function became
increasingly important for companies across
all sectors. Specifically, companies were
looking for candidates who could implement

robust HR practices and procedures, with

particular demand at the senior level for
strategically minded business partners. At
mid-management level, professionals who
could execute operational plans and drive
organisational change were popular hiring
options in 2014. We expect this trend to
continue in the year ahead.

SALES & MARKETING

Individuals with successful track recordsof
increasing sales or developing brandswerein
high demand as companies endeavoured to
take advantage of Indonesiasmacroeconomic
environment. With revenue growth targets
for products regularly exceeding 30% for
established lines, senior directors and
managers who can improve productivity will
be sought-after in 2015. We anticipate growth
will continue in all sectors, particularly in
FMCG, electronics and IT, pharmaceuticals,
manufacturing and professional services.

As a result of strong
market conditions, salary
increase expectations
among job movers in
Indonesia were in the
25-35% range.

JAKARTA
SALARIES

ACCOUNTING & FINANCE

ROLE

PERMANENT SALARY PER ANNUM IDR (RP)

2014

2015

Head of Tax

624 - 754m

686 - 830m

Group Accountant

390 - 470m

405 - 490m

Senior Tax Accountant

175 - 200m

190- 220m

Accountant

120 - 175m

132 -190m

Tax Accountant

120 - 150m

130 - 165m

Senior Financial Analyst

250 - 350m

260 - 365m

Financial Analyst

150 - 200m

160 - 225m

Internal Audit Director

700 - 850m

735 - 890m

Internal Audit Manager

300 - 400m

330 - 440m

Senior Auditor

250 - 320m

275 - 352m

Auditor

143 - 208m

155 - 228m

Chief Financial Officer

1430 - 1755m

1500 - 1840m

Finance Director

975 - 1209m

1020 - 1250m

Financial Controller

600 - 700m

630 - 735m

Commercial Finance Manager

450 - 620m

400 - 500m

Senior Finance Manager

300 - 500m

330 - 550m

Finance Manager

275 - 390m

310 - 430m

Treasury Manager

300 - 400m

330 - 440m

Treasury Analyst

120 - 150m

130 - 170m

Accounting & Taxation

Analyst

Audit

Finance

Treasury

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

369

Robert Walters Global Salary Survey 2015

JAKARTA
SALARIES

BANKING & FINANCIAL SERVICES

ROLE

PERMANENT SALARY PER ANNUM IDR (RP)

ANALYST

AVP

VP

2014

2015

2014

2015

2014

2015

Cash Management

210 - 369m

220 - 380m

369 - 538m

380 - 600m

538m+

600m+

Credit

210 - 369m

220 - 380m

369 - 538m

380 - 560m

538m+

560m+

Trade Operations

210 - 369m

220 - 380m

369 - 538m

380 - 560m

538m+

560m+

Treasury Operations

210 - 369m

220 - 380m

369 - 538m

380 - 560m

538m+

560m+

Compliance/Legal

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

Credit Risk

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

Internal Audit

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

Market Risk

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

Operational Risk

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

Financial Control

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

MIS Reporting

314 - 438m

314 - 450m

438 - 639m

400 - 650m

639m+

650m+

Strategic Planning & Analysis

314 - 438m

314 - 450m

438 - 639m

420 - 700m

639m+

700m+

Investment Banking

314 - 438m

400 - 500m

438 - 740m

450 - 780m

740m+

780m+

Equity Sales

314 - 438m

350 - 500m

438 - 638m

480 - 780m

638m+

780m+

Treasury Sales

314 - 438m

350 - 500m

438 - 638m

480 - 780m

638m+

780m+

Corporate Banking

314 - 438m

320 - 450m

438 - 638m

445 - 645m

638m+

645m+

Trade Sales

314 - 438m

320 - 450m

438 - 638m

445 - 645m

638m+

645m+

Business Analyst

314 - 438m

314 - 450m

438 - 639m

400 - 650m

639m+

650m+

Project Management

314 - 438m

314 - 450m

438 - 639m

400 - 650m

639m+

650m+

Banking Operations

Corporate Governance

Finance/Accounting

Front Office Banking

Project Management

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

Robert Walters Global Salary Survey 2015

370

JAKARTA
SALARIES

HUMAN RESOURCES
ROLE

PERMANENT SALARY PER ANNUM IDR (RP)

3 - 6 YRS' EXP

6 - 12 YRS' EXP

12+ YRS' EXP

2014

2015

2014

2015

2014

2015

Compensation & Benefits

250 - 390m

263 - 410m

450 - 600m

473 - 630m

500 - 650m

630m+

HR Business Partner

250 - 390m

263 - 410m

450 - 600m

473 - 630m

500 - 650m

630m+

HRIS

250 - 390m

263 - 410m

450 - 600m

473 - 630m

500 - 650m

630m+

Training & Development

250 - 390m

263 - 410m

450 - 600m

473 - 630m

500 - 650m

630m+

Organisational Development

240 - 330m

252 - 347m

450 - 550m

473 - 578m

500 - 650m

578m+

Organisational Development

250 - 390m

263 - 410m

450 - 600m

473 - 630m

500 - 650m

630m+

Compensation & Benefits

240 - 330m

252 - 347m

450 - 550m

473 - 578m

500 - 650m

578m+

HR Business Partner

240 - 330m

252 - 347m

450 - 550m

473 - 578m

450 - 650m

578m+

HR Generalist

240 - 330m

252 - 347m

450 - 550m

473 - 578m

450 - 650m

578m+

Training & Development

240 - 330m

252 - 347m

450 - 550m

473 - 578m

450 - 650m

578m+

Banking & Financial Services

Commerce & Industry

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

371

Robert Walters Global Salary Survey 2015

JAKARTA
SALARIES

SALES & MARKETING

ROLE

PERMANENT SALARY PER ANNUM IDR (RP)

2014

2015

Sales & Marketing Director

1076 - 1210m+

1170 - 1304m+

Sales Director

1076 - 1210m+

1105 - 1239m+

Account Director

914 - 1076m+

950 - 1112m+

National Sales Manager

645 - 740m+

685 - 780m+

Senior Business Development Manager

645 - 740m+

685 - 780m+

Sales & Marketing Manager

430 - 511m+

455 - 585m+

Key Account Manager

430 - 511m+

455 - 585m+

Business Development Manager

403 - 471m+

455 - 585m+

Regional Sales Manager

376 - 440m+

390 - 455m+

Marketing Director

1144 - 1338m+

1258 - 1358m+

Marketing Manager

511 - 598m+

562 - 720m+

Trade Marketing Manager

471 - 538m+

480 - 548m+

Channel Marketing Manager

376 - 494m+

383 - 520m+

Senior Brand Manager

376 - 494m+

383 - 520m+

Marketing Communications Manager

376 - 440m+

394 - 462m+

Marketing Research Manager

376 - 440m+

387 - 455m+

Brand Manager

273 - 455m+

325 - 455m+

Visual Merchandising Manager

273 - 455m+

292 - 455m+

260 - 390m+

325 - 455m+

Business Development

Marketing

PR Manager

NB: Figures are basic salaries exclusive of benefits & bonuses unless otherwise specified.

Robert Walters Global Salary Survey 2015

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